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Mar 25, 2013
03/13
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but you have to remember in terms of sales, our defense business less than a third of our sales. we have projected about high single-digit sales reduction over the next three years over that time. our company is one i guess comes from how we are structured, companies are flexible. as soon as the actual details of sequestration and what programs will be affected are announced, our companies can turn on a dime and escape without much a reduction. liz: thank you very much. it is a great story, talk about hedging. they have both commercial and military, not all of their eggs in one basket. the stock is up 19% year to date, so a good story, he said his full confidence in the dreamliner. that is exclusive on fox business. could an antibiotic apocalypse be on its way? the publicly traded company stopping the germs in its tracks. they have to worry and hear about this. we will be right back. [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just stay alive... but feel alive. the c-class is no exception. it's a m
but you have to remember in terms of sales, our defense business less than a third of our sales. we have projected about high single-digit sales reduction over the next three years over that time. our company is one i guess comes from how we are structured, companies are flexible. as soon as the actual details of sequestration and what programs will be affected are announced, our companies can turn on a dime and escape without much a reduction. liz: thank you very much. it is a great story,...
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this is that 600 billion in tax cuts in the defense department. congress was supposed to decide what to do about the linacs, but it has not done anything at all except the can down the road for another to months. spec that conversation to kick into gear late next month. and then the debt ceiling. democrats won permission to spend more money in march. congress has the constitutional authority to set our debt ceiling and has agreed to raise it. watch for a big fight as republicans try to institute some sort of fiscal sense that democrats resist. the big events, but there is another one that happened today that congress did not pass a resoluti to recognize that happened. you probably already know about it. the payroll tax has expired, and if you et your first paycheck today says the fiscal cliff, well, watch out. you may be shocked by then nearly 50% increase in the tax. the social security withholding tax reset. for middle-class american families earning $50,000, that means at least in $800,000 tax hike, maybe as much as a thousand bucks. if this is
this is that 600 billion in tax cuts in the defense department. congress was supposed to decide what to do about the linacs, but it has not done anything at all except the can down the road for another to months. spec that conversation to kick into gear late next month. and then the debt ceiling. democrats won permission to spend more money in march. congress has the constitutional authority to set our debt ceiling and has agreed to raise it. watch for a big fight as republicans try to...
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Jan 19, 2013
01/13
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., but that was quickly shot down by the defense secretary. all this could have a major consequence of the price of oil. want to bring in a senior market analyst for the price futures group and the fox business contributor and a resident scholar at the american enterprise institute and former pentagon official. all-star which you. tell me, what's going on in the oil market today as a result of what is going on? >> the prices have been pretty stable on oil, but we saw huge jump up in the u.k. natural-gas market. as we know, algeria is a major supplier of natural gas to europe. because of those concerns with some big spike in the market yesterday. and that think the larger concern, one of the things we have to realize is that in this world of terror, every time we fill up at the gas tank return all light bulb, we're already paying the terror premium that is built into the price. the biggest concern for energy traders in the energy markets is that this type of attack that happened in algeria happens in other places. >> we have seen it in the past
., but that was quickly shot down by the defense secretary. all this could have a major consequence of the price of oil. want to bring in a senior market analyst for the price futures group and the fox business contributor and a resident scholar at the american enterprise institute and former pentagon official. all-star which you. tell me, what's going on in the oil market today as a result of what is going on? >> the prices have been pretty stable on oil, but we saw huge jump up in the...
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Jan 15, 2013
01/13
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speak what defensive the cost of gone down. the last three years the flattening of cost for the first time in a generation and we know there are substantial innovations and incentives built in to obamacare that hopefully over time will work and continue to flatten the cost curve. that is the intent of obamacare. it is not fair to criticize it. melissa: the ceo said the countries largest health insurance, country's third largest health insurer, he broke it when he said we would see some insurance premiums go up by 100%. it is not in his interest to say this out loud. are you startled by this path? >> not at all. national health care costs have slowed their growth. when you cover as many people as we are going tocome everybody who has insurance buys a third more than they did before. we will see cost go up. if you do the actuary math, you have to charge people lot of money who made this go. that will be a big sticker shock. and those premium increases stick? we will see, but they will raise rates. melissa: i'm so sorry we're out
speak what defensive the cost of gone down. the last three years the flattening of cost for the first time in a generation and we know there are substantial innovations and incentives built in to obamacare that hopefully over time will work and continue to flatten the cost curve. that is the intent of obamacare. it is not fair to criticize it. melissa: the ceo said the countries largest health insurance, country's third largest health insurer, he broke it when he said we would see some...
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neil: what is that i keep telling you about the best defense is always an even better offense. belittled and badgered still coming out at it tooth and nail continuing their harassment of tea party groups on invaded. still pestering, still intimidating. still fuming. far from slowing down as you predicted and as you and your colleagues experienced, still unbowed are. >> they have gotten a bit greedy. they did effectively unde undere the efcacy of these groups at the election. the activism was somewhat oppressed by the fact they couldn't deal with the irs, they were afraid. even quoted in the "wall street journal" saying she would go places and there would be empty chairs and everybody questioning whether the tea party was a good label anymore. but this has backfired on the irs because now at the tea party patriots, their donations are tripled, the staff has doubled because people are seeing this not as a conservative versus liberal thing, but it is imperial versus we the people realizing because it is the tea party today, it could be any group tomorrow the government decided to
neil: what is that i keep telling you about the best defense is always an even better offense. belittled and badgered still coming out at it tooth and nail continuing their harassment of tea party groups on invaded. still pestering, still intimidating. still fuming. far from slowing down as you predicted and as you and your colleagues experienced, still unbowed are. >> they have gotten a bit greedy. they did effectively unde undere the efcacy of these groups at the election. the activism...
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Aug 31, 2013
08/13
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neil: what is that i keep telling you about the best defense is always an even better offense. belittled and badgered still coming out at it tooth and nail continuing their harassment of tea party groups on invaded. still pestering, still intimidating. still fuming. far from slowing down as you predicted and as you and your colleagues experienced, still unbowed are. >> they have gotten a bit greedy. they did effectively unde undere the efficacy of these groups at the election. the activism was somewhat oppressed by the fact they couldn't deal with the irs, they were afraid. even quoted in the "wall street journal" saying she would go places and there would be empty chairs and everybody questioning whether the tea party was agood label anymore. but this has backfired on the irs because now at the tea party patriots, their donationare tripled, the staff has doubled because people are seeing this not as a conservative versus liberal thing, but it is imperial versus we the people realizing because it is the tea party today, it could be any group tomorrow the government decided to s
neil: what is that i keep telling you about the best defense is always an even better offense. belittled and badgered still coming out at it tooth and nail continuing their harassment of tea party groups on invaded. still pestering, still intimidating. still fuming. far from slowing down as you predicted and as you and your colleagues experienced, still unbowed are. >> they have gotten a bit greedy. they did effectively unde undere the efficacy of these groups at the election. the...
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Aug 31, 2013
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neil: what is that i keep telling you about the best defense is always an even better offense. belittled and badgered still coming out at it tooth and nail continuing their harassment of tea party groups on invaded. still pestering, still intimidating. still fuming. far from slowing down as you predicted and as you and your colleagues experienced, still unbowed are. >> they have gotten a bit greedy. they did effectively unde undere the efficacy of thesgroups at the electio the activism was somewhat oppressed by the fact they couldn't deal with the irs, they were afraid. even quoted in the "wall street journal" saying she would go places and there would be empty chairs and everybody questioning whether the tea party was a good label anymore. but this has backfired on the irs because now at the tea party patriots, their donations are tripled, the staff has doubled because people are seeing this not as a conservative versus liberal thing, but it is imperial versus we the people realizing because it is the tea party today, it could be any group tomorrow the government decided to su
neil: what is that i keep telling you about the best defense is always an even better offense. belittled and badgered still coming out at it tooth and nail continuing their harassment of tea party groups on invaded. still pestering, still intimidating. still fuming. far from slowing down as you predicted and as you and your colleagues experienced, still unbowed are. >> they have gotten a bit greedy. they did effectively unde undere the efficacy of thesgroups at the electio the activism...
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Jan 22, 2013
01/13
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but they keep this debate because they are always on defense. they will not be on the receiving end of a parade like this for many alexis to, unless they get their act together. melissa: is there one thing republicans put on the table that would turn the tide of the conversation? cut military spending, something that can make them look fresh and new? >> all laugh to say, they're responsible and the other side is not to read at think that message, like 60 percent said government spending is out of control. but the question is how you go about it. you can't do it in a butcher block fashn that would allow people to get hurt. the political screening will be so intense. you saw what happened with paul ryan, the head of the house budget committee republican from wisconsinwhen heated. he got hammered for cutting cuts in terms of medicare in the seniors, even those who are involved with tea party. wait a second. not me. go after the government workers, somebody else, but not me. it has to be done in a way that allows the american people to see republica
but they keep this debate because they are always on defense. they will not be on the receiving end of a parade like this for many alexis to, unless they get their act together. melissa: is there one thing republicans put on the table that would turn the tide of the conversation? cut military spending, something that can make them look fresh and new? >> all laugh to say, they're responsible and the other side is not to read at think that message, like 60 percent said government spending...
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Jan 11, 2013
01/13
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whitney vice his legal analyst, criminal defense attorney and former prosecutor. he added doctor's note. his pediatrician city could get sick. the parents of the kid said we're not trying to make that kind of mistake, that kind of risk and love this kid may be potentially to lose his life. gerri: well, you know, the doctor wrote a note but did not make the connection between the elegy and the flu shot which might have been the problem. what do you make of this? >> the funny thing is i went to this elementary school, and i was embarrassed. as to the up side and saluted the flag debate in the data that school. this is an embarrassment. they made a policy, stuck to it and said something really stupid. take the vaccine first and let's see what happens. >> subpoenaed allergies. the same thing. so the nerve, the next that will have the vaccine. going to sit around and wait for this kid to go into epileptics seizures. >> and these are only 60, 65 percent effective anyway. now like it is 100 percent in the wake. so they're still going to get the flu. gerri: another topic
whitney vice his legal analyst, criminal defense attorney and former prosecutor. he added doctor's note. his pediatrician city could get sick. the parents of the kid said we're not trying to make that kind of mistake, that kind of risk and love this kid may be potentially to lose his life. gerri: well, you know, the doctor wrote a note but did not make the connection between the elegy and the flu shot which might have been the problem. what do you make of this? >> the funny thing is i...
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Jan 26, 2013
01/13
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liz: i want to read a quote from a former assistant secretary of defense in the reagan administration. he said entitlement reform is a choice between entitlements, paying for social security, medicare, and medicaid, or new weapons systems. in other words, he's saying the national security is at risk. that's what mike mullen said, former admiral joint chiefs of staff. what do you think of the comment there? >> well, i'd want to see the comment, but we can't let it become that kind of choice. we have to have a defense that can do the job of prereceiverring and protecting our freedoms and standing up for american safety, for instance, wherever they may be around the world. at the same time, we need to have entitlement programs. i'm for investing in young people. i am for protecting older people. my mother thought that she had paid for everything she drew out of medicare, bless her heart, but paid into medicare 20,000 and drew out 100,000. there needs to be reforms. we have to control spending across the board. look at the pentagon. i'm not opposed to that. you need a sensible defense pro
liz: i want to read a quote from a former assistant secretary of defense in the reagan administration. he said entitlement reform is a choice between entitlements, paying for social security, medicare, and medicaid, or new weapons systems. in other words, he's saying the national security is at risk. that's what mike mullen said, former admiral joint chiefs of staff. what do you think of the comment there? >> well, i'd want to see the comment, but we can't let it become that kind of...
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Jan 17, 2013
01/13
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we have a aerospace and defense analyst at credit suisse. i'm hoping they're short term. you must really believe they're short term? >> i do. i think it is a short term issue. question whether we'll fly again in a few days or longer that on that. we're talking about batteris. assuming it is not part of the electrical system, and it is just the batteries i suspect boeing can fix this, identify the fix in a few weeks, perhaps a couple months and start to implement it, perhaps even be flying again before that fully happens. david:. robert, don't they have to come out with a big public relations push? there is nothing that will turn people off of a flight as quickly as any suggestion that flight might go down. i mean how do they combat the public perception this is a dangerous aircraft? >> i think that is the a very tear point. i've -- fair point. i've flown on the aircraft. we've seen situations like this in the past with many new entry aircraft. go back through boeing's history, airbus, perhaps a year or so ago, the a380, for example had issues. david: will they have to tak
we have a aerospace and defense analyst at credit suisse. i'm hoping they're short term. you must really believe they're short term? >> i do. i think it is a short term issue. question whether we'll fly again in a few days or longer that on that. we're talking about batteris. assuming it is not part of the electrical system, and it is just the batteries i suspect boeing can fix this, identify the fix in a few weeks, perhaps a couple months and start to implement it, perhaps even be flying...
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Jan 24, 2013
01/13
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outgoing defense secretary leon panetta is giving the military three years to seek special exceptions if they believe any positions must remain closed to women. i say equal is equal. if they're brave enough, capable enough, smart enough they should be allowed to serve right along with the brave men in our military. that's what i think. now we want to know what you think. here's our question. should women serve in combat? log on to gerriwillis.com, but on the right hand side of the screen and all share results at the end of the show. from the battle line to a battle brewing over and control, a new campaign ad is urging new york gun owners to move telstar state. joining me now, the man behind the ad, greg gabba, texas attorney general. welcome to the show. great to have you. you have to tell us, what did you put these ads that? >> well, good to be back. but used a very good phrase. there is a battle brewing. this is part of a larger battle brewing in this country for the appropriate pathway for government. this is one way that texas is distinguishing our belief in the philosophy of gove
outgoing defense secretary leon panetta is giving the military three years to seek special exceptions if they believe any positions must remain closed to women. i say equal is equal. if they're brave enough, capable enough, smart enough they should be allowed to serve right along with the brave men in our military. that's what i think. now we want to know what you think. here's our question. should women serve in combat? log on to gerriwillis.com, but on the right hand side of the screen and...
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Jan 24, 2013
01/13
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neil: what did you think of her defense, there is a sim i a sysn place to get rid the federal workers that is the way that washington works. >> here is the system for federal employees it sim possible to get -- it is impossible to get rid of a federal employee, they are not bad people, they are good family people, i don't think that secretary clinton is a bad person, i don't think that she will ful fully did anything wro. but they made judgment errors that really should disqualify them from making the judgments again, they should not be put in a position, that including secretary clinton. she should never again be in a position to make judgment calls about security. shy made terrible errors of judgment. so did the people who were directly involved in this. neil: she has spent 17 years most reported woman i -- respecn in the world. >> i think we got side tracked about talking whether the movie caused this. neil: republicans were to blame for this by cutting funding to the embassies as if there was a quid pro quo. but they turn this on republicans or she did, i was amazed by that. >> bu
neil: what did you think of her defense, there is a sim i a sysn place to get rid the federal workers that is the way that washington works. >> here is the system for federal employees it sim possible to get -- it is impossible to get rid of a federal employee, they are not bad people, they are good family people, i don't think that secretary clinton is a bad person, i don't think that she will ful fully did anything wro. but they made judgment errors that really should disqualify them...
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city wants to take over, senator john kerry for secretary of state, former senator chuck hegel for defense secretary and adviser john brennan for the cia. for my money his potential pick for treasury secretary has be scratching my head. white house chief of staff jet blue. here he is right here. fox news sources say that announcement to replace tim geithner could come by the end of the week. all but a done deal. but what experiences he had that would make him right for the job? the 57-year-old is not a veteran of wall street, not an economist. he is a lawyer, and, of course cannot politician. he began his career on capitol hill eventually becoming an adviser to former house speaker tip o'neill. his first foray into the world of money became in the boston office of management and budget. it was there president clinton, when the film brought into the national omb. he returned under president obama in 2010. look, a very different bio compared to geithner who came from a prominent role as president of the new york federal reserve which is a big deal. a major player during the financial crisis,
city wants to take over, senator john kerry for secretary of state, former senator chuck hegel for defense secretary and adviser john brennan for the cia. for my money his potential pick for treasury secretary has be scratching my head. white house chief of staff jet blue. here he is right here. fox news sources say that announcement to replace tim geithner could come by the end of the week. all but a done deal. but what experiences he had that would make him right for the job? the 57-year-old...
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Jan 22, 2013
01/13
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in the department of defense maybe they have personal a sign systems, one for officers, another one for enlisted personnel in the third to reservists. that would seem to make no sense. consolidate, save money for taxpayers are putting up knew bill. it just makes no sense. gerri: are not only right, but i give you one that shouldn't urea even more. i went on active duty as an enlisted man in 1970 and left active duty as an officer in 1980. i had two sets of records, sometimes three at all times. my active duty records, the reserve in st. louis had another set the burned, and the veterans administration maintain another set. particularly when you're talking about returning veterans who have injuries, having multiple medical records that are not computerized is also a terrible, and we have been working on it since i left active duty in 1980. clearly if we keep throwing money we will get there. gerri: what are we going to do jack because this -- i mean, this is ridiculous. cobalt, are you kidding me? >> our draft legislation to know we are reaching out to people to get input, particularly f
in the department of defense maybe they have personal a sign systems, one for officers, another one for enlisted personnel in the third to reservists. that would seem to make no sense. consolidate, save money for taxpayers are putting up knew bill. it just makes no sense. gerri: are not only right, but i give you one that shouldn't urea even more. i went on active duty as an enlisted man in 1970 and left active duty as an officer in 1980. i had two sets of records, sometimes three at all times....
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Aug 31, 2013
08/13
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neil: what is that i keep telling you about the best defense is always an even better offense. belittled and badgered still coming out at it tooth and nail continuing their harassment of tea party groups on invaded. still pestering, still intimidating. still fuming. far from slowing down as you predicted and as you and your colleagues experienced, still unbowed are. >> they have gotten a bit greedy. they did effectively unde undere the efficacy of these groups at the election. the activism was somewhat oppressed by the fact they couldn't deal with the irs, they were afraid. even quoted in the "wall street journal" saying she would go places and there would be empty chairs and everybody questioning whether the tea party was a good label anymore. but this has backfired on the irs because now at the tea party patriots, their donations are tripled, the staff has doubled because people are seeing this not as a conservative versus liberal thing, but it is imperial versus we the people realizing because it is the tea party today, it could be any group tomorrow the government decided t
neil: what is that i keep telling you about the best defense is always an even better offense. belittled and badgered still coming out at it tooth and nail continuing their harassment of tea party groups on invaded. still pestering, still intimidating. still fuming. far from slowing down as you predicted and as you and your colleagues experienced, still unbowed are. >> they have gotten a bit greedy. they did effectively unde undere the efficacy of these groups at the election. the...
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Aug 31, 2013
08/13
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. ♪ neil: what is that i keep telling you about the best defense is always an even better ofense. belittled and badgered still coming out at it tooth and nail continuing their harassment of te party groups on invaded. still pestering, still intimidating. still fuming. far from slowing down as you predicted and as you and your colleagues experienced, still unbowed are. >> they ve gotten a bit greedy. they did effectively unde undere the efficacy of these groups at the election. the activism was somewhat oppressed by the fact they couldn't deal with the irs, they were afraid. even quoted in the "wall street journal" saying she would go places and there would be empty chairs and everybody questioning whether the teaarty was a od label anymore. but this has backfired on the irs because now at the tea party patriots, their donations are tripled, the staff has doubled because people are seeing this not as a conservative versus liberal thing, but it is imperial versus we the people realizing because it is the tea party today, it could be any group tomorrow the government decided to suppr
. ♪ neil: what is that i keep telling you about the best defense is always an even better ofense. belittled and badgered still coming out at it tooth and nail continuing their harassment of te party groups on invaded. still pestering, still intimidating. still fuming. far from slowing down as you predicted and as you and your colleagues experienced, still unbowed are. >> they ve gotten a bit greedy. they did effectively unde undere the efficacy of these groups at the election. the...
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Jul 17, 2013
07/13
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i don't have a birdie telling me, but i spoke a lot of defense attorneys come a lot of defense attorneys related to people involved in this massive practice. it was a full employment act for lawyers. they are saying july is the critical month. watch fox business over the next couple of weeks. this is just my gut, this thing is going to the rubber is going to meet the road. if he makes it through july without getting as ac getting hit criminally or flipping. cases after this will be a lot more difficult. i think they know they are brushing up against the statute of limitations against the company, against him a lot of different things. so i think this fit it i am not hearing this from the u.s. attorney, i am talking to a lot of people. i think the next two weeks are going to be critical. this is my gut. i think they're going to see something. something is going to come out of this. liz: were you beef baroni person? i was the beef baroni girl. this is important. what happens with spaghettios? speakers and that stuff that for you? liz: i raised the mac was raised on that stuff and i look fi
i don't have a birdie telling me, but i spoke a lot of defense attorneys come a lot of defense attorneys related to people involved in this massive practice. it was a full employment act for lawyers. they are saying july is the critical month. watch fox business over the next couple of weeks. this is just my gut, this thing is going to the rubber is going to meet the road. if he makes it through july without getting as ac getting hit criminally or flipping. cases after this will be a lot more...
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if that falls away, they can't rely on that defense. you know, they screw up constantly, and there's a conflicted business model. they are paid by the people they are rating. well, then that's, you know, we are going to be talking a lot more to eagen of eagen jones, that policy could go by the wayside. liz: trying to have a different form of ratings. >> where are they on that thing? liz: it's kind of happening. we've had them on. >> i think a muni bond call was mixed into that. liz: slight problem. >> yes. liz: charlie, thank you very much, are you done? >> done. liz: okay. closing bill bringing in 50 minutes. you might care if there's no budget, but acting like a budget is miles away. this, as the president does not have a budget to present yet. he might not have bun until the beginning of march, but the cbo says we might really need one and soon. why? details from the nation's capitol as "countdown to the closing bell" continues. don't move. ♪ investor. yeah, i'm a serious investor but i'm a busy guy. it used to be easier but now th
if that falls away, they can't rely on that defense. you know, they screw up constantly, and there's a conflicted business model. they are paid by the people they are rating. well, then that's, you know, we are going to be talking a lot more to eagen of eagen jones, that policy could go by the wayside. liz: trying to have a different form of ratings. >> where are they on that thing? liz: it's kind of happening. we've had them on. >> i think a muni bond call was mixed into that. liz:...
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we've defense alone and just tax the ri. and i'm beginning to wonder whether we have ne fro a country where the big government was over to the government is backed. >> no, i think the attack on the rich, and people have pointed out frequently, if you tax the rich and took all their money, and only finances govement for a short periods of time. in my speech i made this point to so many that i advocate taxing the ric sort of visit and be given by the people who are successful. not really helping the people. it doesn't help the people that they take the money from. i mean, does it create a more vibrant economy? is increase economic activity? now. but too often people are driven by envy. and i just can't stand the success of people making money, but that's what happens in a free market. the free market itself is what is being sacrificed here, is in a? >> i think so. i have been arguing that for a long time. getting really criticized by someone who is criticing capitalism and and how terrible it was. but we don't have capitalism.
we've defense alone and just tax the ri. and i'm beginning to wonder whether we have ne fro a country where the big government was over to the government is backed. >> no, i think the attack on the rich, and people have pointed out frequently, if you tax the rich and took all their money, and only finances govement for a short periods of time. in my speech i made this point to so many that i advocate taxing the ric sort of visit and be given by the people who are successful. not really...
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Jan 10, 2013
01/13
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the defense budget is coming down. as we reduce the number troops in afghanistan, i think we need some presence there, for training and for counter terrorism operations but it is probably not going to be 66,000. those numbers, those dollar figures are going it come down. like i said, we've already cut half a trillion and they're talking about another half a trillion under sequester. so the defense department is also, something that is already taking a it had. we need to get entitlement and other programs under control and our spending under control. that is my view. melissa: all right. peter brookes, thanks so much. coming up on "money", we all want to save money although i'm not sure with everyone with the answers we're getting there. would you want to spend less for an iphone if you knew it was made with cheaper parts? doesn't that sort of defeat the purpose of having an iphone? i don't know. that is coming up next. >>> plus, say good-bye to one of these monopoly pieces. how players will determine e fate of one of th
the defense budget is coming down. as we reduce the number troops in afghanistan, i think we need some presence there, for training and for counter terrorism operations but it is probably not going to be 66,000. those numbers, those dollar figures are going it come down. like i said, we've already cut half a trillion and they're talking about another half a trillion under sequester. so the defense department is also, something that is already taking a it had. we need to get entitlement and...
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so, that scared people out of the defense contractors. another couple names would be, small e&p companies. gas per mcf this time last year was $2. this year bumping around four, give or take 20. bbg. sauler cap name, swift energy, sfy. adam: all right. >> so, we think those names have some proven reserves in both oil, gas and natural gas liquids that, you know, would be nice bite-sized acquisition for a major oil and gas company. adam: mark travis, we property you joining us. phillip, we'll check back in with you in a few minutes when the s&p futures close. >> he was once dubbed the most important economist in the world and worked with superstar bono. so what does he think about today's jobs report? what it says about the fed's next action and the overall economy. we're talking to jeffrey saks from columbia university next. adam: plus the government's monitoring of americans communication going further than we thought. capitol hill is not only looking at your phone activity, now it is also piering into internet records. details are ahead
so, that scared people out of the defense contractors. another couple names would be, small e&p companies. gas per mcf this time last year was $2. this year bumping around four, give or take 20. bbg. sauler cap name, swift energy, sfy. adam: all right. >> so, we think those names have some proven reserves in both oil, gas and natural gas liquids that, you know, would be nice bite-sized acquisition for a major oil and gas company. adam: mark travis, we property you joining us. phillip,...
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Aug 31, 2013
08/13
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neil: what is that i keep telling you about the best defense is always an even better offense. belittled and badgered still coming out at it tooth and nail continuing their harassment of tea party groups on invaded. still pestering, still intimidating. still fuming. far from slowing down as you predicted and as you and your colleagues experienced, still unbowed are. >> they have gotten a bit greedy. they did effectively unde undere the efficacy of these groups at the election. the activism was somewhat oppressed by the fact they couldn't deal with the irs, they were afraid. even quoted in the "wall street journal" saying she would go places and there would be empty chairs and everybody questioning whether the tea party was a good label anymore. but this has backfired on the irs because now at the tea party patriots, their donations are tripled, the staff has doubled because people are seeing this not as a conservative versus liberal thing, but it is imperial versus we the people realizing because it is the tea party today, icould be any group tomorrow the government decided to
neil: what is that i keep telling you about the best defense is always an even better offense. belittled and badgered still coming out at it tooth and nail continuing their harassment of tea party groups on invaded. still pestering, still intimidating. still fuming. far from slowing down as you predicted and as you and your colleagues experienced, still unbowed are. >> they have gotten a bit greedy. they did effectively unde undere the efficacy of these groups at the election. the...
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Jan 23, 2013
01/13
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they know medicare is unsustainable and cutting anything more than 600 billion from defense can be done. they know you have to curtail growth to get a handle on government. democrats know slowing the growth of medicare is not throwing gramm off the cliff republicans know cutting the defense budget cutting the afghanistan and iraq war is not trying taxpayers to the taliban. they know this but will not say it.
they know medicare is unsustainable and cutting anything more than 600 billion from defense can be done. they know you have to curtail growth to get a handle on government. democrats know slowing the growth of medicare is not throwing gramm off the cliff republicans know cutting the defense budget cutting the afghanistan and iraq war is not trying taxpayers to the taliban. they know this but will not say it.
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Jan 16, 2013
01/13
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supreme court ruled that guns in common you should be allowed to be kept in people's homes for self-defense. we all know that there are an overwhelming number of handgun security more than 10 rounds at a time. so to say that people don't have the right to have those guns in their homes for self-defense in my opinion could be a constitutional violation of the second amendment. >> is interesting. we brought him in because we thought that what you wrote in "the wall street journal", getting rid of guns in the district of columbia. and this was a very tough measure to try to reduce violence. what happened? >> unfortunately, gun violence actually increased. it was counterintuitive and tragic and unfortunate. but what we saw is that it embolden criminals because they realize that people could not defend themselves. all that gun bans have done is increase violent crimes and endangers civil liberties and it has created an undue burden upon law enforcement could start them from controlling and violent crimes in progress. they just don't work. >> the sullivan law basically requires that you have conc
supreme court ruled that guns in common you should be allowed to be kept in people's homes for self-defense. we all know that there are an overwhelming number of handgun security more than 10 rounds at a time. so to say that people don't have the right to have those guns in their homes for self-defense in my opinion could be a constitutional violation of the second amendment. >> is interesting. we brought him in because we thought that what you wrote in "the wall street...
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let me tell you, what it does for china with all their hacking and penetration of our intelligence, defense agency its will prove is that the intelligencehey have been able to gather they can now check in our actual operations in haii. this makes no sse to me. any i was cmander in chief of pacific fleet it would have been like me inviting soviets to participate in our exercise to show home our coordination, a communication service and how we operate. neil: do we getting anying out of this to spy on their stu. >> they are not going to show us anything, they will havempty political komisars on their ship. we need to do, is really get sirius. first of all, w need to tell china, look, you have blt a navy to go against the u.s. na navy. your antiship ballistic missile, are not geared to go against the bangladesh navy. weonsider this unconfidencely rattle. further -- we consider this an unfriendly act, and china has 3,000-miles o of underground reinforced tunnels for the nuclear sategic intercome inteontinent balli missiles. they estimaae that chi ha at least 1800 warheads, we wan to go ahead and
let me tell you, what it does for china with all their hacking and penetration of our intelligence, defense agency its will prove is that the intelligencehey have been able to gather they can now check in our actual operations in haii. this makes no sse to me. any i was cmander in chief of pacific fleet it would have been like me inviting soviets to participate in our exercise to show home our coordination, a communication service and how we operate. neil: do we getting anying out of this to...
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Jan 25, 2013
01/13
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joining me is the criminal defense attorney and fox news legal analyst. okay. we have two cases here. i'm going to summarize them quickly. one is a social services provider, and there's a worker there who gets in trouble and complains about workers online. this results in her getting fired, and a bunch of people fired. all the details here, but there's an example of a reporter, a newspaper reporter, who complains about his job on facebook, and gets in trouble that way. they side with the workers in both cases. one of the employers private, the other public. who do you side with in these cases and why? >> well, okay, the first case here, we have a caseworker, a social service provider, and exactly that, goes on the web, and gets colleagues to talk to the employer, and they get explicit and it's ugly. nasty words about the working conditions. here's the key. it was about working conditions. it was not about people. it was about people in the sense, that, yeah, the working conditions, but, you know, and bosses, good or bad, but primarily working conditions. the nl
joining me is the criminal defense attorney and fox news legal analyst. okay. we have two cases here. i'm going to summarize them quickly. one is a social services provider, and there's a worker there who gets in trouble and complains about workers online. this results in her getting fired, and a bunch of people fired. all the details here, but there's an example of a reporter, a newspaper reporter, who complains about his job on facebook, and gets in trouble that way. they side with the...
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we've defense alone and just tax the rich. and i'm ginning to wonder whether we have gonerom a country where the big government was over to the government is backed. >> no, i think the attack on the rich, and people have pointed out frequently, if you tax the rich and took all their money, and only finances government for a short periods of time. in my speech i made this point to so many that i advocate taxing the rich. sort of visit and be given by the people who are successful. not really helping the people. it doesn't help the people that they take the money from. i mean, does it create a more vibrant economy? is increase economic activity? now. but too often ople are driven by envy. and i just can't stand the success of people making money, but that's what happens in a free market. the free market itself is what is being sacrificed here, is in a? >> i think so. i have been arguing that for a long time. getting really criticized by someone who is criticizing capitalism and and how terrible it wa. but we don't have capitalis
we've defense alone and just tax the rich. and i'm ginning to wonder whether we have gonerom a country where the big government was over to the government is backed. >> no, i think the attack on the rich, and people have pointed out frequently, if you tax the rich and took all their money, and only finances government for a short periods of time. in my speech i made this point to so many that i advocate taxing the rich. sort of visit and be given by the people who are successful. not...
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Mar 26, 2013
03/13
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i don't know how you can make the argument that 800,000 civilian defense workers losing their jobs can be good for the economy. i don't quite see how that's possible, and now on spending on preschool, look, what we're looking at now, forget the president's agenda to increase it. we're now looking at major cut to head start because of the sequester. i don't know if that impacts on the economy today, but you can't tell me this is a good thing for the future when we take away the programs for kids. >> bottom line is, literally, barack obama needs more revenue. he needs another source. he just raised taxes on the risk, talking about closing ductions which is not enough. i'd like to predict they will eventually put another tax mechanism on the table such as a value added tax or some kind of carbon tax because they similarly have to have a sustain revenue flow to support things like the $10 billion a year for universal education. sandra: rick? >> it's a wonderful idea, dan, but it'sot going to happen. >> they'll try. >> no, they won't. sandra: we'll leave it there. thank you so much for join
i don't know how you can make the argument that 800,000 civilian defense workers losing their jobs can be good for the economy. i don't quite see how that's possible, and now on spending on preschool, look, what we're looking at now, forget the president's agenda to increase it. we're now looking at major cut to head start because of the sequester. i don't know if that impacts on the economy today, but you can't tell me this is a good thing for the future when we take away the programs for...
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for instance, if you look at cyclicals, defensive, defensive, defensive all the past couple years. now the value play looks like it will be cyclical. basically the cyclicals trade at a pe multiple around 12%. defensive sectors under 14%. cyclicals are up 55% in the past five years and defensive up 24%. something looks out of whack. i think you will start seeing a move into cyclicals right now, maybe out of defensive sectors, if you will. i think that is trend we're going to see to keep continuing bull move. as it continues i don't know. there is reason why. that reason is the market doesn't trust the market or the movement because of the fed's sponsorship of this market. that scares people. it actually should. liz: tim, thank you for the warning. we appreciate it. we'll check in with you in just a few minutes to see how the s&p futures closed. >> sure. david: let's bring in the markets panel. we have ryan detrick and kevin get des. we have to give you, kudos, ryan. you were on in december, in mid-december we were on the edge of a big rally. boy were you spot on there if people list
for instance, if you look at cyclicals, defensive, defensive, defensive all the past couple years. now the value play looks like it will be cyclical. basically the cyclicals trade at a pe multiple around 12%. defensive sectors under 14%. cyclicals are up 55% in the past five years and defensive up 24%. something looks out of whack. i think you will start seeing a move into cyclicals right now, maybe out of defensive sectors, if you will. i think that is trend we're going to see to keep...
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but i don't want to go down that side road, wu we're always on defense. why? >> first of all, you know i don'whyeveryone is shocked on ts hacking issue. it is 21st century spying, it has gone on for a millennium and will continue. the chinese, in their meeting in california will agree to a further meeting and set ul principles on cyber warfare. about what will it mean? nothing, but we would abide by principleses, and chinese won't, it will be to our net disadvantage. neil: we're at loggerheads. what to we get out of china doing joint exercises with us? >> let me tell you, what it does for china, with all their hacking and penetration of our intelligence, defense agency its will prove is that the intelligence they have been able to gather they can now check in our actual operations in hawaii. this makes no sense to me. any i was commander in chief of pacific fleet it would have been like me inviting soviets to participate in our exercise to show home our coordination, and communication service and how we operate. neil: do we getting anying out of this to spy on
but i don't want to go down that side road, wu we're always on defense. why? >> first of all, you know i don'whyeveryone is shocked on ts hacking issue. it is 21st century spying, it has gone on for a millennium and will continue. the chinese, in their meeting in california will agree to a further meeting and set ul principles on cyber warfare. about what will it mean? nothing, but we would abide by principleses, and chinese won't, it will be to our net disadvantage. neil: we're at...
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liz: that make the case for apple because now they are in the defensive position. >> apple has a lot of great things going for it but just for the sake to bring it up will get the phone it has stayed the same for quite some time which some people are bothered by the other people like it and then it takes advantage of that screen to make it feel bigger even though they have not enlarged it it still the size you can stuff in your pocket it is good but if you look at the app store you'll find more app that people and tell live comfortably without fear of now where and that is something the google please store is still battling. there are a lot of positives to apple. liz: i know that you want to comment but also want to hear about the nexis tablets because i don't see more people holding back the and the pad. >> exactly the point the problem is to remind people of apple's advantages it is not a product problem but it is not showcasing like the chevy market with quality offerings they cannot compete with google or samsung products or product. they never will or never wanted to but they ha
liz: that make the case for apple because now they are in the defensive position. >> apple has a lot of great things going for it but just for the sake to bring it up will get the phone it has stayed the same for quite some time which some people are bothered by the other people like it and then it takes advantage of that screen to make it feel bigger even though they have not enlarged it it still the size you can stuff in your pocket it is good but if you look at the app store you'll...
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we've defense alone and just tax the rich. and i'm beginning to wonder whether we have gone from a country where the big government was over to the government is backed. >> no, i think the attack on the rich, and people have pointed out frequently, if you tax the rich and took all their money, and only finances government for a short periods of time. in my speech iade this point to so many that i advocate taxing the rich. sort of visit and be given by the people who are successful. not really helping the people. it doesn't help the people that they take the money from. i mean, does it create a more vibrant economy? is increase economic activity? now. but too often people are driven by envy. and i just can't stand the success of people making money, but that's what happens in a free market. the free market itself is what is being sacrificed here, is in a? >> i think so. i have been arguing that for a long time. getting really criticized by someone whis criticizing capitalism and and how terrible it was. but we don't have capita
we've defense alone and just tax the rich. and i'm beginning to wonder whether we have gone from a country where the big government was over to the government is backed. >> no, i think the attack on the rich, and people have pointed out frequently, if you tax the rich and took all their money, and only finances government for a short periods of time. in my speech iade this point to so many that i advocate taxing the rich. sort of visit and be given by the people who are successful. not...
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Jan 13, 2013
01/13
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john: the national resource defense council gave us the scare over the apples now have $185 million of assets we could get the bpa out of the baby products spinet that there is a chemical that is dangerous and we will look out for you that the chemicals are scary. they do not even meet their response. >> now it is banned? >> it generates a number of headlines in the public is scared to demand regulatory agency follow the problem. john: they said based on the preference of consumers did not reflect the concern for safety of bpa. >> the funny thing is many governments have certified the safety of bpa but with public pressure they bay and that all the same. john: this is bpa free. >> once i had children there e so many things i should be afraid of not a real things but my garden hose and the baby bottle and it looked absurd their realized many claims are based on junk science. john: even in campbell soup will phase it out they say they have to respond. >> this is an example. campbell soup does not have an alternative. john: it does stop botulism that does kill people. >> know they're unde
john: the national resource defense council gave us the scare over the apples now have $185 million of assets we could get the bpa out of the baby products spinet that there is a chemical that is dangerous and we will look out for you that the chemicals are scary. they do not even meet their response. >> now it is banned? >> it generates a number of headlines in the public is scared to demand regulatory agency follow the problem. john: they said based on the preference of consumers...
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Aug 15, 2013
08/13
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what dell has been using, though, is aggressive pricing initiatives, and their playing a little bit of defense here. and that is, actually, it got them better revenues overall on the pc side. now, shipments increased because of those pricing concessions that they're giving. david: well, at least to a larger issue than just the fight between michael dell and carl icahn, the real story is can a pc maker survive in this environment? now, i just bought myself one of those mac airs, i love it. [laughter] of course, it's not a dell product, but the fact is there are, there is still a market for pcs. but can it survive in this market? >> yeah. i think the real challenge here is to transform the company, right? they need to have a much better mobile strategy which includes tablets and smartphones outside of just pcs. i think the notebook numbers kind of tell the story at be -10%. but if you look at the other side of the business, if you exclude pcs, enterprise solutions and software were up 9% year-over-year, and that's the piece that management is really focused on, that michael dell's focused on tra
what dell has been using, though, is aggressive pricing initiatives, and their playing a little bit of defense here. and that is, actually, it got them better revenues overall on the pc side. now, shipments increased because of those pricing concessions that they're giving. david: well, at least to a larger issue than just the fight between michael dell and carl icahn, the real story is can a pc maker survive in this environment? now, i just bought myself one of those mac airs, i love it....
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Jun 18, 2013
06/13
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defense companies are seeing a rise in foreign demand for fighter jets and missile defense systems as other countries modernize their armed forces. >> who is seeing a big bounce from this increased demand? jo ling kent is looking into this one. hi, jo. >> hi, liz and david. u.s. defense contractors definitely are seeing a spike in foreign demand as we face tighter budgets here at home and other countries ramp up and modernize their forces. at paris show they said, arms sales to international buyers have doubled over past few years and further increases are expected. contractors must get defense approval before making sales to foreign countries but take a look at the current landscape. 2800 foreign military sales cases. in total all valued at $138 billion and sales are going to 100 countries. according to top contractors like raytheon, the demand is coming primarily from the middle east and asia while european defense budgets are tightening kind of like what is happening here in the u.s. raytheon ceo william swanson told reuters that his top executives are so swamped with meetings with
defense companies are seeing a rise in foreign demand for fighter jets and missile defense systems as other countries modernize their armed forces. >> who is seeing a big bounce from this increased demand? jo ling kent is looking into this one. hi, jo. >> hi, liz and david. u.s. defense contractors definitely are seeing a spike in foreign demand as we face tighter budgets here at home and other countries ramp up and modernize their forces. at paris show they said, arms sales to...
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Jul 29, 2013
07/13
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and his defenses is was a charity thing and it was a cancer charity. you never know. i hate to think other people making mountains out of a mole hill, he has angered the government in the past. the consumption has angered the government. liz: thank you very much. the circle of friends. liz: two >> everything you wanted to know about steve cohen but was too worried to ask. liz: but the dispute over herbalife. coming up straight after the bell. will they pile on even more if herbalife beats the street? and wants to know where the sweet spot is for stock investing right now? a money manager about to join us who believes he has the answer, the simple one and will spit out some names from his answer. you don't want to miss what he says in just a few moments. [ male announcer ] the mercedes-benz summer event is here. now get the unmistakable thrill... and the incredible rush... of the mercedes-benz you've always wanted. ♪ but you better get here fast... [ girl ] yay, daddy's here. here you go, honey. thanyou. [ male announcer because a good thing like this... phew! won't
and his defenses is was a charity thing and it was a cancer charity. you never know. i hate to think other people making mountains out of a mole hill, he has angered the government in the past. the consumption has angered the government. liz: thank you very much. the circle of friends. liz: two >> everything you wanted to know about steve cohen but was too worried to ask. liz: but the dispute over herbalife. coming up straight after the bell. will they pile on even more if herbalife beats...
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Jan 25, 2013
01/13
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these are semi automatic defensive weapons that millions of people own. they are not even as powerful as your average shotgun. the things that richard is saying -- absolutely ludicrous. it's like the mayor of philadelphia is calling these weapons of mass destruction -- it's so over-the-top rhetoric. millions of law-abiding people are using for self-defense, men and women alike. >> tell that to the parents who have lost kids in the school massacre, tell it to the officers families who have been shot. there is reason why law enforcement is so solidly behind this. [talking over each other] [talking over each other] lou: let's be very clear, in many cases, many reasons that we chiefs are buying this is because they were appointed by mayors who were elected who are telling them precisely what to do. urban centers -- if i may finish -- urban centers are a liberal bastion. that is not result in warm and fuzzy feelings for the second amendment. >> that is where we see the massacres occurring is in places where guns are banned. you look over the past 20 years all
these are semi automatic defensive weapons that millions of people own. they are not even as powerful as your average shotgun. the things that richard is saying -- absolutely ludicrous. it's like the mayor of philadelphia is calling these weapons of mass destruction -- it's so over-the-top rhetoric. millions of law-abiding people are using for self-defense, men and women alike. >> tell that to the parents who have lost kids in the school massacre, tell it to the officers families who have...
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cheryl: president obama announced his pick for secretary of defense. former republican senator chuck hagel, and there could be some opposition. >> rich edson has more from the white house. rich: there are some who have supported. many will wait and see how the confirmation hearing process plays out. the administration is nominating a person, or military war veteran, th vietnam war veteran. republicans they say those in opposition perhaps some lack of support for israel, one saying he is not a senator from israel, he voted against the iran sanctions and opposed the iraq surge. coming down to where we are in washington is all about spending and military spending. spew his nose as we make tough fiscal choices we have to do so wisely. guided by our strategy and keep the military the strongest we have ever known. speed would have to know all options on the table to restore the fiscal health but we sure can't walk away from the table when it comes to our number one responsibilities of the federal government, that is keep the american people safe. rich:this i
cheryl: president obama announced his pick for secretary of defense. former republican senator chuck hagel, and there could be some opposition. >> rich edson has more from the white house. rich: there are some who have supported. many will wait and see how the confirmation hearing process plays out. the administration is nominating a person, or military war veteran, th vietnam war veteran. republicans they say those in opposition perhaps some lack of support for israel, one saying he is...
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May 16, 2013
05/13
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david: this is the sweet spot a lot of defense stocks have been in. there is a lot of talk about the military sequester that the publica lot worse than the individual stocks, is that right? >> that's true. depends where you play. one of the things we've been able to show that overtime it is not just about the budget. you see periods like the 1990s when the budget just collapsed. stocks outperformed. the reason they outperformed was very strong free cash flow. well above what the s&p was doing at the time. that is exactly what you see today. some of these, if you pick the ones with the right area of budget exposure, are delivering a lot of cash, you can make money on these. liz: so huntington engles continues to be one of your picks. you think 40% rise you think there are more opportunities to the upside? what will drive that. >> higher margins in the gulf shipyards. these have been a disaster historically. if you go down there you can see improvement. it is radical what they have done down there. next year, next year you could see over 400 million in
david: this is the sweet spot a lot of defense stocks have been in. there is a lot of talk about the military sequester that the publica lot worse than the individual stocks, is that right? >> that's true. depends where you play. one of the things we've been able to show that overtime it is not just about the budget. you see periods like the 1990s when the budget just collapsed. stocks outperformed. the reason they outperformed was very strong free cash flow. well above what the s&p...
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Jan 21, 2013
01/13
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one area we like, you know, from a defensive standpoint is large cap pharma. you've seen this big race for record setting inflows into high yield bonds. we think one area that pays dividends that has been overlooked is large cap pharma. and we like names like johnson & johnson, merck and in particular pfizer. cheryl: those are the three names. you also like some drug distribution companies. one name? >> yeah, cardinal health. if you look at what happened over the last several years, we had a big pick-up in the generic pipeline, 2013, there's a big drop-off, but coming in 2014, 2015, is another big generic wave, particularly for the so-called limited source drugs, which are limited to a couple distributors, and that should be good for companies like cardinal health. cheryl: all right. well certainly again earnings season is picking up. i'm curious in this healthcare space particularly if we're going to get upside surprises when it comes to earnings and dividends. >> we think you will see upside surprises particularly in healthcare after the recent jpmorgan heal
one area we like, you know, from a defensive standpoint is large cap pharma. you've seen this big race for record setting inflows into high yield bonds. we think one area that pays dividends that has been overlooked is large cap pharma. and we like names like johnson & johnson, merck and in particular pfizer. cheryl: those are the three names. you also like some drug distribution companies. one name? >> yeah, cardinal health. if you look at what happened over the last several years,...
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Jan 22, 2013
01/13
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in defense of the analysts i would say they might be a little bit late but there are other issues. cheryl: yet they still had 57% of search in this country. the name itself, how concerned are you about the facebook of the world? they want to start doing a search if you will, they are gearing up to compete with google, if you will. do they stand a chance? >> over the next couple of years they are not a major factor, they're just beginning to get into search. it comes down to what the consumer uses a social network for than a search engine. they may be more willing to get in the midst of your searches providing the answer and google gets to collect on that. they may be less willing to get involved in the social work. cheryl: i want to go back to mobile platform, one of the key problems many of these companies have had, google goes along with it is on the device is the amount of space for those ads to come in. the notice has come come up in the past, but you ar you're loor that today. >> you never know what they're going to say about mobile versus desktop search. relative to other pla
in defense of the analysts i would say they might be a little bit late but there are other issues. cheryl: yet they still had 57% of search in this country. the name itself, how concerned are you about the facebook of the world? they want to start doing a search if you will, they are gearing up to compete with google, if you will. do they stand a chance? >> over the next couple of years they are not a major factor, they're just beginning to get into search. it comes down to what the...
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Sep 12, 2013
09/13
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record highs hit by the aerospace and defense stocks. acquisitions, boeing hitting record highs. also up on the session about a half of a percent. that is pretty attractive now $58 per share. i want to jump into the commodities really quick, gold down $42. we are looking at gold at the lows of the session. silver prices down on a percentage basis, the safe haven plays are really going by the wayside as syria is on the back burner. we are seeing a lot of money come out with the exception of oil prices up a full percent right now, natural gas also up, but gold what a selloff, back to you. liz: fascinating to see. i think the next level might be 1300 everybody is looking at. thank you very much. the closing bell seven minutes away. tesla steering clear. analysts and investors who are smart about it having to go along for the ride. up or than 400% year over year. coming up, we have an interview life with the billionaire behind tesla. stay tuned. um... where's mrs. davis? she took an early spring break thanks to her double miles from the capital one venture card. now what was mrs. dav
record highs hit by the aerospace and defense stocks. acquisitions, boeing hitting record highs. also up on the session about a half of a percent. that is pretty attractive now $58 per share. i want to jump into the commodities really quick, gold down $42. we are looking at gold at the lows of the session. silver prices down on a percentage basis, the safe haven plays are really going by the wayside as syria is on the back burner. we are seeing a lot of money come out with the exception of oil...
80
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Feb 19, 2013
02/13
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FBC
tv
eye 80
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the offense and defense are completely dislocated. it is very easy to attack a network at this point. you can hide behind anonymity. we need to come together as public and private sector. liz: do we need our government in here, dave as we finish up? do we need the power of the u.s. military to start helping us protect our companies? >> we need some help and the executive order was a good start. there is great technology. mandiant, fireeye, two good examples as you mentioned. we need government to come together with commercial operations. we need education happening just like we're seeing in the last few weeks but we need to come together to solve this problem and it is going global. it is not just china. we see over 100 countries around the world involved with cyber espionage right now. it is too easy to steal information and money and the cyber domains around the world are an easy victim to prey and to the hackers out there. so we need to work on this and we need to work on it fast and technology and government need to come together
the offense and defense are completely dislocated. it is very easy to attack a network at this point. you can hide behind anonymity. we need to come together as public and private sector. liz: do we need our government in here, dave as we finish up? do we need the power of the u.s. military to start helping us protect our companies? >> we need some help and the executive order was a good start. there is great technology. mandiant, fireeye, two good examples as you mentioned. we need...